European gas futures spiking higherDutch TTF Natural Gas Calendar Month FuturesNYMEX_DL:TTF1!FPMarketsEuropean gas prices are, once again, heavily supported today, up by around 25% on news that Iran attacked a large Saudi refinery. This move has pushed price action through a notable resistance zone between US$50.31 and US$47.00 (formed by two 1M levels and a 1Y base) and led to a test of a 1M resistance level at US$57.66, which has held, for now. This opens up a possible retest setup at US$50.31-47.00 as a support area, whilst a breakout above US$57.66 unearths a bullish scenario, targeting another 1M resistance at US$63.61. Written by the FP Markets Research Team